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  September 30, 2024 | International, Aerospace

  Mark Rutte's NATO mission: rally West, reassure East, help Ukraine

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  January 2, 2019 | International, Aerospace

  Israel Aerospace considering investment in drone maker Aeronautics

  JERUSALEM (Reuters) - State-owned defense contractor Israel Aerospace Industries (IAI) [ISRAI.UL] said on Tuesday it was in talks to invest in local drone maker Aeronautics (ARCS.TA). The talks were at an early stage, IAI said, and no financial details were disclosed. Meanwhile Aeronautics, which was searched on Monday by Israel Securities Authority investigators, said separately it was also talking to another unidentified group regarding the sale of its 50 percent stake in the surveillance and reconnaissance company Controp Precision Technologies. In August, Aeronautics rejected a 430 million shekel ($115 million) acquisition offer from IAI rival, state-owned Rafael Advanced Defense Systems, and businessman Avihai Stolero. Israel-based Aeronautics manufactures unmanned aerial vehicles for military surveillance and defense purposes, as well as for the commercial sector. On Monday, investigators from the market regulator searched Aeronautics' office, the company said. A court has placed a gag order on details of the investigation. It was not the first time Aeronautics has been probed by Israeli authorities. In August 2017, Aeronautics said the Defence Ministry had suspended the marketing and export license for one of the firm's attack drones to a single, significant customer in a foreign country. It denied it was at fault. Israeli media at the time reported that the ministry had opened an investigation into Aeronautics over whether during a demonstration in Azerbaijan one of its drones was used to attack a military position in the neighboring country of Armenia, and if so, who was at fault. In November that same year Israeli police said they were investigating one of the drone maker's deals but did not give details. Reporting by Ari Rabinovitch; Editing by Alison Williams https://www.reuters.com/article/us-aeronautics-ltd-m-a-il-aerospace-ind/israel-aerospace-considering-investment-in-drone-maker-aeronautics-idUSKCN1OV1JL

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  August 28, 2018 | International, Aerospace, Naval

  India is one step closer to spending billions on new naval helicopters from US, allies

  By: Vivek Raghuvanshi NEW DELHI — India's Ministry of Defence's apex procurement body, the Defence Acquisition Council, approved procurement of naval multirole and naval utility helicopters, but induction will not be made anytime soon. MoD's DAC approved the purchase of 24 MH-60 Romeo multi-role helicopters from the U.S. through a foreign military sale at a cost of more than $2 billion. DAC also approved purchase of 111 naval utility helicopters, costing around $3.39 billion, to be built under the Make in India policy by domestic private companies in partnership with overseas original equipment manufacturers. But this is only budgetary approval for purchase of two types of naval helicopters; that budget has yet to be allocated, and no timeline has been set for when the procurement process would kick-start, said a senior MoD official. “The procurement of naval multirole helicopters will take at least three to five years, while induction of naval utility helicopters will take from eight to 10years,”he noted. Another MoD official said the budgetary allocation for the naval multirole helicopters would come in the next three to six months; thereafter MoD will issue a letter of request, or LOR, to the U.S. Department of Defense, outlining specific requirements., beginning negotiations. MoD plans to pursue the procurement of 111 naval utility helicopters under Make in India's strategic partners policy, under which choppers will be produced by selected private companies though a possible joint venture and technology transfer from foreign companies. No private defense company in India have produced helicopters before, which could create a lengthy selection process. In July last year, Indian Navy floated a request for information (RFI) to both domestic and foreign original equipment manufacturers, or OEMs, to participate in naval utility helicopter program. Foreign OEMs including Airbus Helicopters of France, Russian Helicopters of Russia, Lockheed Martin and Bell of United States have expressed interest in supporting procurement efforts. Domestic private defense companies Adani Group, Bharat Forge Ltd, Reliance Defence, Mahindra Aerospace and Tata Advanced Systems Ltd have also responded to the RFI to build naval utility helicopters in the country. https://www.defensenews.com/naval/2018/08/27/india-is-one-step-closer-to-spending-billions-on-new-naval-helicopters-from-us-allies